GENTEX CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.71 USD | +0.17% |
|
+2.36% | +6.28% |
| Apr. 26 | Transcript : Gentex Corporation, Q1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 26 | Gentex's Q1 Earnings, Net Sales Rise; 2024 Guidance Reaffirmed | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,331 | 8,315 | 8,243 | 6,397 | 7,618 | 8,029 | - | - |
| Enterprise Value (EV) 1 | 7,331 | 7,864 | 7,975 | 6,159 | 7,377 | 7,710 | 7,616 | 7,557 |
| P/E ratio | 17.5 x | 24.1 x | 23.2 x | 20.1 x | 17.8 x | 16.2 x | 14 x | 12.9 x |
| Yield | 1.59% | 1.41% | 1.38% | 1.76% | 1.47% | 1.41% | 1.44% | 1.61% |
| Capitalization / Revenue | 3.94 x | 4.93 x | 4.76 x | 3.33 x | 3.31 x | 3.19 x | 2.96 x | 2.81 x |
| EV / Revenue | 3.94 x | 4.66 x | 4.61 x | 3.21 x | 3.21 x | 3.06 x | 2.81 x | 2.65 x |
| EV / EBITDA | 12.4 x | 15.3 x | 15.7 x | 13.2 x | 12.5 x | 11.3 x | 9.99 x | 9.3 x |
| EV / FCF | 17.4 x | 19.1 x | 27.2 x | 32.1 x | 20.9 x | 21.4 x | 15.9 x | 10.8 x |
| FCF Yield | 5.75% | 5.25% | 3.68% | 3.11% | 4.79% | 4.68% | 6.27% | 9.28% |
| Price to Book | 3.79 x | 4.21 x | 4.25 x | 3.09 x | 3.27 x | 3.07 x | 2.7 x | 2.57 x |
| Nbr of stocks (in thousands) | 252,972 | 245,057 | 236,520 | 234,582 | 233,253 | 231,321 | - | - |
| Reference price 2 | 28.98 | 33.93 | 34.85 | 27.27 | 32.66 | 34.71 | 34.71 | 34.71 |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,859 | 1,688 | 1,731 | 1,919 | 2,299 | 2,517 | 2,712 | 2,857 |
| EBITDA 1 | 593.2 | 513.1 | 508.9 | 466.6 | 589.1 | 682.8 | 762.7 | 812.4 |
| EBIT 1 | 488.5 | 408.4 | 409.8 | 370 | 495.7 | 572.3 | 648.5 | 689.3 |
| Operating Margin | 26.28% | 24.19% | 23.67% | 19.28% | 21.56% | 22.74% | 23.91% | 24.13% |
| Earnings before Tax (EBT) 1 | 500.4 | 411.8 | 416.4 | 369.7 | 505 | 586.5 | 666.1 | 764 |
| Net income 1 | 424.7 | 347.6 | 360.8 | 318.8 | 428.4 | 487.8 | 548.8 | 575.9 |
| Net margin | 22.85% | 20.59% | 20.84% | 16.61% | 18.63% | 19.38% | 20.24% | 20.16% |
| EPS 2 | 1.660 | 1.410 | 1.500 | 1.360 | 1.840 | 2.138 | 2.472 | 2.690 |
| Free Cash Flow 1 | 421.4 | 412.8 | 293.3 | 191.8 | 353.6 | 360.6 | 477.6 | 701 |
| FCF margin | 22.67% | 24.45% | 16.94% | 9.99% | 15.38% | 14.33% | 17.61% | 24.54% |
| FCF Conversion (EBITDA) | 71.03% | 80.44% | 57.64% | 41.1% | 60.02% | 52.82% | 62.61% | 86.29% |
| FCF Conversion (Net income) | 99.22% | 118.77% | 81.3% | 60.16% | 82.53% | 73.93% | 87.02% | 121.72% |
| Dividend per Share 2 | 0.4600 | 0.4800 | 0.4800 | 0.4800 | 0.4800 | 0.4886 | 0.5014 | 0.5600 |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 399.6 | 419.8 | 468.3 | 463.4 | 493.6 | 493.6 | 550.8 | 583.5 | 575.8 | 589.1 | 590.2 | 634.9 | 635.9 | 645.9 | 664 |
| EBITDA 1 | 111.8 | 112 | 128 | 111.1 | 110 | 117.4 | 137.3 | 152.1 | 144.6 | 155.1 | 151.1 | 167.1 | 169.2 | 184.3 | - |
| EBIT 1 | 88.16 | 87.96 | 103.3 | 85.79 | 86.79 | 94.12 | 113.3 | 127.3 | 122.4 | 132.8 | 129.3 | 140.3 | 146.2 | 157.6 | 151 |
| Operating Margin | 22.06% | 20.95% | 22.06% | 18.51% | 17.58% | 19.07% | 20.56% | 21.82% | 21.26% | 22.54% | 21.91% | 22.09% | 22.99% | 24.39% | 22.74% |
| Earnings before Tax (EBT) 1 | 89.89 | 89.38 | 103.3 | 84.81 | 86.16 | 95.46 | 116 | 128.6 | 124.5 | 135.9 | 127.6 | 146.3 | 151.5 | 156.6 | - |
| Net income 1 | 76.66 | 84.18 | 87.53 | 72.4 | 72.66 | 86.17 | 97.58 | 109.2 | 104.7 | 116.9 | 108.2 | 123.6 | 125.3 | 129.2 | - |
| Net margin | 19.18% | 20.05% | 18.69% | 15.62% | 14.72% | 17.46% | 17.72% | 18.71% | 18.19% | 19.85% | 18.34% | 19.46% | 19.7% | 20.01% | - |
| EPS 2 | 0.3200 | 0.3500 | 0.3700 | 0.3100 | 0.3100 | 0.3700 | 0.4200 | 0.4700 | 0.4500 | 0.5000 | 0.4700 | 0.5363 | 0.5444 | 0.5683 | 0.5700 |
| Dividend per Share 2 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | - |
| Announcement Date | 10/22/21 | 1/28/22 | 4/22/22 | 7/22/22 | 10/28/22 | 1/27/23 | 4/28/23 | 7/28/23 | 10/27/23 | 1/26/24 | 4/26/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 451 | 268 | 238 | 241 | 319 | 413 | 472 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 421 | 413 | 293 | 192 | 354 | 361 | 478 | 701 |
| ROE (net income / shareholders' equity) | 22.4% | 17.8% | 18.5% | 15.9% | 19.6% | 19.9% | 20.8% | 20.3% |
| ROA (Net income/ Total Assets) | 20% | 15.9% | 16.7% | 14.3% | 17.3% | 17.7% | 18.7% | 18.5% |
| Assets 1 | 2,127 | 2,183 | 2,165 | 2,229 | 2,469 | 2,753 | 2,928 | 3,113 |
| Book Value Per Share 2 | 7.650 | 8.060 | 8.200 | 8.820 | 9.990 | 11.30 | 12.80 | 13.50 |
| Cash Flow per Share 2 | 2.000 | 1.910 | 1.530 | 1.460 | 2.340 | 2.660 | 3.140 | 3.730 |
| Capex 1 | 84.6 | 51.7 | 68.8 | 146 | 184 | 235 | 209 | 186 |
| Capex / Sales | 4.55% | 3.06% | 3.98% | 7.63% | 7.99% | 9.34% | 7.71% | 6.51% |
| Announcement Date | 1/31/20 | 1/29/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
34.71
USD
Average target price
38.96
USD
Spread / Average Target
+12.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.28% | 8.03B | |
| -1.98% | 5.07B | |
| +10.31% | 2.92B | |
| +2.97% | 2.61B | |
| -16.34% | 2.78B | |
| -3.12% | 2.27B | |
| +28.26% | 1.77B | |
| +3.15% | 1.49B | |
| +35.33% | 1.62B | |
| -22.93% | 1.43B |
- Stock Market
- Equities
- GNTX Stock
- Financials Gentex Corporation
